Purchase Price for Shares. On the Closing Date, the Buyer shall pay to the Seller (to such account as the Seller shall nominate) the amount of US Dollars 33,500,000 (the “Purchase Price”) in exchange for the Shares, less any amounts paid as a deposit for the Shares under that certain Master Vessel Acquisition Agreement between the Buyer and Seller, dated as of July 24, 2014. The Buyer shall have no responsibility or liability hereunder for the Seller’s allocation and distribution of the Purchase Price among the Seller Entities.
Purchase Price for Shares. The purchase price for the Shares (“Purchase Price”) shall be $1.09 per share for an aggregate of $100,000.00. Warrant coverage will cover 25% of the aggregate value of the Purchase Price based on the closing day’s value of the market on the day good funds are received ($1.24 per share) with a three (3) year term.
Purchase Price for Shares. On the Closing Date, the Buyer shall pay to the Seller (to such account and beneficiary being a Seller Entity as the Seller shall designate) the amount of United States Dollars Two Hundred Thirty Five Million (US$ 235,000,000) (the "Purchase Price") in exchange for the Shares. The Buyer shall have no responsibility or liability hereunder for the Seller's allocation and distribution of the Purchase Price among the Seller Entities. It is expressly agreed and acknowledged that all bank account cash balances, liabilities, cash and receivables prior to the time of Closing to be for Seller Entities' account.
Purchase Price for Shares. The purchase price (the “Purchase Price”) for the Purchased Shares of the Inactive Shareholder (the “Vendor”) shall be the product obtained by multiplying the number of Purchased Shares and the Fair Market Value of the Shares determined in accordance with the provisions of Article 16.
Purchase Price for Shares. At the closing of a purchase of Option Shares, Purchaser will make full payment of the purchase price therefor (a) by wire transfer of immediately available funds or by certified check of an amount equal to the product of the Exercise Price and the number of Option Shares being purchased, (b) if the Company consents and consistent with applicable law, through the delivery of an assignment to the Company of a sufficient amount of the proceeds from the sale of the Option Shares being purchased at the Exercise Price and an authorization to the broker or selling agent to pay that amount to the Company, which sale shall be at Purchaser's direction at the time of exercise, or (c) if the Company consents and consistent with applicable law, by requesting the Company to withhold a number of whole and/or fractional shares (based on the closing sale price regular way of such shares on the New York Stock Exchange, or, if such security is not listed or admitted to trading on such Exchange, on the principal national security exchange or quotation system on which such security is quoted or listed or admitted to trading, or, if not quoted or listed or admitted to trading on any national securities exchange or quotation system, the average of the closing bid and asked prices of such security on the over-the-counter market on the day in question as reported by the National Quotation Bureau Incorporated, or a similar generally accepted reporting service, or if not so available, in such manner as furnished by any New York Stock Exchange member firm selected from time to time by the Board of Directors of the Company (the "Board of Directors") for that purpose, or a price determined in good faith by the Board of Directors, whose determination shall be conclusive and described in a resolution of such Board, on the date of closing specified in the Stock Exercise Notice (if no such sale takes place on such day, then based on the average of the closing bid and asked prices, regular way)) sufficient to pay the Exercise Price of such Option Shares. After payment for the Option Shares covered by the Stock Exercise Notice, the Option shall be deemed exercised to the extent of the Option Shares specified in the Stock Exercise Notice as of the date such Stock Exercise Notice is given to the Company.
Purchase Price for Shares. The Shares of Common Stock shall be sold to and purchased by the Underwriters hereunder at the purchase price of $ _____ per Share (that being the public offering price of $9.50 per Share less an underwriting discount of 9.0 percent) (the "Purchase Price").
Purchase Price for Shares. On the Closing Date, (i) the Buyer shall pay to the Seller (to such account and beneficiary being a Seller Entity as the Seller shall designate) the amount of U.S. dollars 164,000,000 (the “GAS-sixteen Purchase Price”) in exchange for the GAS-sixteen Shares, and (ii) the Buyer shall pay to the Seller (to such account and beneficiary being a Seller Entity as the Seller shall designate) the amount of U.S. dollars 164,000,000 (the “GAS-seventeen Purchase Price,” and together with the GAS-sixteen Purchase Price, the “Purchase Price”) in exchange for the GAS-seventeen Shares, in each case subject to adjustment pursuant to Section 2.05. The Purchase Price may be payable by Buyer in part, in lieu of cash, by the transfer of associated debt obligations of the Vessel Owners under the Credit Facility and the granting of the MLP Guarantee. The Buyer shall have no responsibility or liability hereunder for the Seller’s allocation and distribution of the Purchase Price among the Seller Entities.
Purchase Price for Shares. The Purchase Price (as defined in the Purchase Agreement) shall be paid to the Company at the Class A Closing, against receipt of the Accelerated Shares, by wire transfer of immediately available funds to an account designated by the Company in writing at least two (2) days prior to the Class A Closing Date.
Purchase Price for Shares. At the Time of Closing, the Buyer shall pay to the Seller (to such account as the Seller shall nominate) the amount set out on Schedule B across from the Vessel Owning Subsidiary’s name, for the Vessel Owning Subsidiary’s Shares (the “Purchase Price”).
Purchase Price for Shares. As consideration for the purchase of the Shares, the Company shall pay to the Selling Party the following:
A. the Company shall issue a secured promissory note to the Selling Party in the original principal amount of One Million Six Hundred Twenty Five Thousand Dollars ($1,625,000) (the “New Promissory Note”), a copy of which is attached hereto as Exhibit A. A copy of the Pledge and Security Agreement applicable to the New Promissory Note is attached hereto as Exhibit B (the “Security Agreement”).
B. in addition to the issuance of the New Promissory Note, the Company shall pay the Selling Party up to a maximum of One Million Six Hundred and Twenty Five Thousand Dollars ($1,625,000), to be paid in monthly payments beginning September 15, 2012, and ending January 15, 2015, based on the gross revenue of WeedMaps, calculated in accordance with Generally Accepted Accounting Principles, in the immediately preceding calendar month as follows:
i. If the gross revenues of WeedMaps are equal to or less than Six Hundred Thousand Dollars ($600,000) in a particular month, the Company shall pay the Selling Party zero Dollars ($0);
ii. If the gross revenues of WeedMaps are greater than $600,000 and equal to or less than $800,000, the Company shall the Selling Party $15,000;
iii. If the gross revenues of WeedMaps are greater than $800,000 and equal to or less than $1,000,000, the Company shall pay the Selling Party $37,142;
iv. If the gross revenues of WeedMaps are greater than $1,000,000 and equal to or less than $1,200,000, the Company shall pay the Selling Party $46,428;
v. If the gross revenues of WeedMaps are greater than $1,200,000 and equal to or less than $1,600,000, the Company shall the Selling Party $58,035;
vi. If the gross revenues of WeedMaps are greater than $1,600,000 and equal to or less than $1,800,000, the Company shall pay the Selling Party $69,642;
vii. If the gross revenues of WeedMaps are greater than $1,800,000 and equal to or less than $2,000,000, the Company shall pay the Selling Party $83,571;
viii. If the gross revenues of WeedMaps are greater than $2,000,000, the Company shall pay the Selling Party $150,000.
C. in the event the Company completes a private or public sale of its equity securities resulting in net proceeds to the Company of at least One Million Dollars ($1,000,000), the Company agrees to use at least Seventy Percent (70%) of the proceeds from said capital raise to pay down the New Promissory Note (along with those obligations set...
